Angola's new president João Lourenço, who took power in September and says he wants to shed Angola’s image as an opaque oil economy with rampant corruption, continues to make good on his promise to tackle family monopolies and make Angola more attractive to investors.
North Arrow Minerals - a Canadian based exploration company focused on the identification and evaluation of diamond exploration opportunities in Canada - has recovered a total of 1,991 diamonds greater than +1 DTC (-1 mm), weighing 64.25 carats, from 209.84 dry tons of kimberlite. This represents an overall sample grade of 30.6 cpht (carats per hundred tons). The three largest recovered diamonds are 5.25, 2.09 and 1.06 carats.
Kimberlite diamond deposits have been discovered in the Sese area of Chivi, with investors scrambling to start mining the gems that are expected to catapult Masvingo Province into a mining hub, reports Zimbabwe news outlet The Herald. Masvingo Provincial Affairs Minister Senator Josaya Hungwe said diamond mining was set to start in Chivi following the discovery, and said at a press conference the discovery of diamonds in Chivi would economically transform the province.
Botswana Diamonds (BOD) has commenced its first half exploration program on the Sunland Minerals joint venture (JV) with Russian diamond miner ALROSA in the Southern Africa country. The program will focus on previously identified geophysical targets in the Central Kalahari Game Reserve with the aim of turning them into drill targets. It will use soil samples and magnetic surveys to supplement the airborne gravity and airborne magnetic data obtained in earlier work.
Peregrine Diamonds, a Vancouver-based junior miner with exploration projects in Canada and Botswana, announced its Resource Development Program has resulted in a 58% increase in the Inferred Mineral Resource at the high-grade CH-6 kimberlite pipe at its 100%-owned Chidliak Diamond Project, Nunavut, Canada. Their inferred resource at CH-6 jumped from 11.39 million to 17.96 million carats after testing. This brings the company's total Phase One Diamond Development resource at the CH-6 and Ch-7 pipes to 22 million carats.
We believe that South Africa is a prime exploration destination. We have had 52 exploration applications outstanding for a long time and now we’ve had 16 of those 52 licences granted and we are working hard to get the others approved. One of the strengths that we’ve got is that we have a database with fairly reliable information from about the mid-1950s onwards. Using that database we then apply the latest thinking and the latest technology. So a lot of our focus is around Kimberley where we used to mine.
While out on North Arrow Minerals' Mel diamond property on Nunavut's remote Melville Peninsula, prospectors made a welcome discovery: a 62 kilogram surface sample of diamond bearing kimberlite. The sample returned 23 micro-diamonds. This prompted North Arrow to significantly increase the size of its 100% owned Mel Diamond Project from 7,500 ha to 56,075 ha. Claim staking was initiated as a result of North Arrow’s September 2017 discovery of a new diamond bearing kimberlite field at Mel, located within 20 km of tide water on the Melville Peninsula, Nunavut.
A global miner hoping to revive the Kimberley diamond industry has made a significant discovery, only 50km east of the old Ellendale mine that once produced half the world's rare fancy yellow diamonds, writes ABC Australia. Only a few weeks after Lucapa Diamond Company began drilling for lamproite on its Brooking project, it has uncovered 119 diamonds, including seven macro diamonds. The diamonds were recovered from an 86.8kg core sample in a 7.5cm drill hole at Little Spring Creek in the West Kimberley.
The Finnish Mining Authority has granted Irish diamond exploration company, Karelian Diamond Resources, an Exploration Claim in the Kaavi region of Finland. The four-year Claim, which is close to Karelian's Lahtojoki mining concession, covers an area of 28.84 Hectares surrounding the location where kimberlite boulders in till have been discovered. The finding of kimberlite is significant as these igneous rocks can sometimes contain diamonds. An exploration permit provides the holder with an exclusive right to apply for a mining permit.
Canadian miner Stornoway Diamond Co. has announced its exploration plans for the upcoming year. "With the successful construction and ramp-up of the Renard Diamond Project completed", they write, "the board of directors of Stornoway has approved a program of both brownfield and grassroots exploration aimed at both new discoveries, and the development of the existing resource upside potential at Renard.
Peregrine Diamonds reports that its 2017 resource expansion drill program has confirmed the high-grade CH-6 kimberlite extends from surface to 540 metres below surface (mbs). This represents an additional 280 metres below the 260-metre depth of the current CH-6 Inferred Resource announced on April 7, 2017. The CH-6 kimberlite remains open below 540 mbs, the current limit of drilling. Tom Peregoodoff, Peregrine’s President and CEO, said: “The results confirm that the high-grade CH-6 kimberlite extends well below the current resource base of 260 metres.
"ALROSA will play its role in diamond mining in Zimbabwe", said Zimbabwe's ambassador to the Russian Federation, Mike Nicholas Sango, to TASS news agency. Following Robert Mugabe's resignation and the transfer of power to former vice-president Emmerson Mnangagwa, countries and natural resource companies will be testing the waters of the new administration, and Russia's ALROSA will apparently be one of them.
Arctic Star Exploration Corp has started its diamond exploration program on its Timantti diamond project in Finland, the company stated last week.
Results from survey work conducted at Botswana Diamond's Free State project, located between Bloemfontein and Kimberley, had indicated that sizes of kimberlites there ranged from 0.3 hectares to 1.15 hectares, the board of Botswana Diamonds announced on Friday. Following their announcement regarding the re-discovery of eight Group 1 kimberlites, Geofocus undertook detailed ground geophysical survey work aimed at determining the surface area of these kimberlites.
Karelian Diamond Resources has been informed that TUKES (The Finnish Mining Authority) has granted Karelian Diamonds an exploration permit in the Kuhmo region of Finland, where it discovered a green diamond at the start of the year. The permit covers an area of 601.68 ha surrounding the location where the Company discovered a diamond in till (31 January 2017). The permit has been granted for a period of four years.
In a recent interview with Mining Weekly Online, De Beers Consolidated Mines (DBCM) CEO Phillip Barton bemoaned the lengthy delay in processing their 54 prospecting licences in South Africa, citing the new Mining Charter (still on hold) and issues with South Africa’s Department of Minerals Resources (DMR), which are effectively blocking them from diamond exploration in the country.
Kennady Diamonds, a Canadian diamond exploration company headquartered in Toronto, has reported a maiden Inferred Mineral Resource (IMR) of more than 5.02-million carats for the Faraday kimberlites at the Company’s 100 percent owned Kennady North Project in Canada’s Northwest Territories, the company announced in a press release. The IMR result builds significantly on their Kelvin Indicated Resource of 13.62 million carats and, "represents another significant step in the advancement of our Kennady North Project", said President and CEO of Kennady Diamonds Dr. Rory Moore.
Last week Friday, junior miner Botswana Diamonds said sampling work at its Ontevreden licence in South Africa, "produced abundant G10 and G9 garnets with a complimentary suite of eclogitic garnets," noting that, "This mix of garnets is typically seen in a high-grade kimberlite pipes. This work follows detailed ground geophysics which identified ...
Five Star Diamonds, a Canadian mining company listed on the TSX Venture Exchange, signed a co-operation agreement with I.Henning, the world’s leading international diamond broking and consulting group. Five star is making significant progress on its kimberlite drilling program at its 100% owned Jaibaras Diamond Project in Para State, Brazil.
Leave it to Botswana Diamonds' managing director James Campbell to find a groundbreaking approach to diamond exploration.
Canadian junior miner Peregrine Diamonds announced that it has completed drilling of three diamond holes at its 100%-owned Chidliak Diamond Project near Iqaluit, Nunavut, Canada. The total number of metres drilled was 1,474. Tom Peregoodoff, Peregrine’s President and CEO, commented: “We are extremely pleased with the drill results to date. It is especially encouraging to see that DD38 confirms the result from DD33 and that the CH-6 kimberlite is expanding in size with depth.
Karelian Diamond Resources, the Ireland-based, AIM-listed diamond exploration company focused on Finland has received a Preliminary Economic Assessment (PEA) on its Lahtojoki diamondiferous kimberlite pipe in the Kuopio-Kaavi district in south eastern Finland, which recommends an open pit mining operation. It estimates a total of 2.11M carats recoverable with a gross value of US$211M over a nine year life of mine, with payback for the Lahtojoki mine - estimated to cost about $22 million to build, after two years. It would be the first ever European diamond mine outside of Russia.
Dunnedin Ventures Inc., an emerging diamond exploration company based out of Vancouver, BC whose main focus is the advanced stage Kahuna Diamond Project located in Nunavut, Canada, reports the recovery of 8.17 carats of commercial-sized diamonds (+0.85 mm) from 2.03 tons of ore from the PST kimberlite - one of three at the project. This yielded a final aggregate sample grade of 4.02 carats per ton.
Just days after announcing it had identified a group 2 kimberlite pipe at the Ontevreden licence held by Vutomi in an area known for its high-grade diamonds, AIM and BSE listed explorer Botswana Diamonds (BOD) has announced it has been granted a prospecting licence over an additional 1,000 hectares at its Vutomi joint venture in South Africa.
Arctic Star, a Canadian diamond and mineral exploration company with diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and in the Athabasca Basin of Saskatchewan has agreed to acquire a 100% interest in a 243 hectares exploration permit over the Black Wolf (Masta Susi) and the White Wolf (Valkoinen Susi) diamond bearing kimberlites in northern Finland. Named the Timantti Project (timantti is Finnish for diamond'), "Arctic Star views this new project as a unique opportunity to advance a new diamond district", says Buddy Doyle, VP Exploration of Arctic Star.
Botswana Diamonds (BOD) the AIM and BSE listed explorer has announced that prospecting work on the Ontevreden licence held by Vutomi has identified a group 2 kimberlite pipe, the company said in a press release. Initial work indicates a size of 1.5 to 2.5 hectares in area containing high interest garnets.
Five Star Diamonds, a Canadian mining company listed on the TSX Venture Exchange, Canada, is making significant progress on its kimberlite drilling program at its 100% owned Jaibaras Diamond Project in Para State, Brazil. On June 8, Five Star announced the start of the drilling program, which had identified eight kimberlite targets (J1 to J8), with their current focus kimberlite targets J1 and J2.
Angola has one bilion carats in diamond reserves, according to the advances of a geological survey carried out over the last five years with Russian support, writes Angola Press Agency Angop. The data were released last Friday in Luanda by Victor Ustinov, Joint Director of Russian diamond giant ALROSA, which was responsible for carring our the geological exploration, it is estimated that reserves could go up from a total of 950 million carats found in kimberlites and more than 50 million in alluvial areas to 1.5 billion carats if the research is continued, according to the expert.
North Arrow Minerals Inc. has announced the start of a $3.2M exploration program at the company’s 100% owned Naujaat (now-yat; formerly Qilalugaq) and Mel Diamond Projects, Nunavut, Canada. The drill program at the Naujaat Project will see North Arrow drill 4,500 metres and collect a 200 ton mini-bulk sample from the highest grade phase of the Q1-4 kimberlite.
Rio Tinto on Friday signed an option agreement positioning it to potentially become the majority owner of the Star-Orion South Diamond Project, an advanced-stage diamond exploration project about 60 kilometres east of Prince Albert, Canada.
Canadian junior miner Peregrine Diamonds has completed final preparations for the 2017 work program at its 100%-owned Chidliak Diamond Project near Iqaluit, Nunavut, Canada. Core drilling at the CH-6 pipe, slated to commence on July 5, will further delineate the kimberlite, with the objective of expanding the high grade CH-6 resource to a depth of 500 metres below surface. The current depth of the Inferred Resource in the 2016 Preliminary Economic Assessment (PEA) is 260 metres.
Canadian junior miner Kennady Diamonds has announced "positive" diamond recovery results from sampling from the Faraday 3 and Faraday 1 kimberlites on its Kennady North Project, including the largest high-quality diamonds to date on the project, with a 7.78ct white gem-quality stone as well as numerous diamonds exceeding one carat. The samples were collected during the winter 2017 program that was designed to further delineate both kimberlites as well as to recover sufficient carats from Faraday 3 for valuation. The company summarizes the most relevant results as follows:
Angolan diamond mining company ENDIAMA and Russian miner ALROSA announced on Tuesday in Luanda their intention to conduct studies to promote additional investments in the exploitation of kimberlites in Angola. The announcements came from the chairmen of ENDIAMA, António Carlos Sambula, and ALROSA, Sergei Ivanov at the end of an audience with the Angolan Vice-president, Manuel Domingos Vicente. Sergei Ivanov said business with Angola is flourishing and data indicates that 2016 was better than previous year, with net profits of US$137 million, as well as better quality of extracted diamonds.
London Aim-listed Botswana Diamonds (BOD) has announced that Sunland Minerals - its joint venture (JV) with Russian diamond miner ALROSA - has been awarded six new prospecting licences in Botswana. Four are in the Central Kalahari Game Reserve (CKGR) and two are in the Orapa kimberlite province and extend to the end of March 2020. Those in the CKGR cover 3,135 sq.km. and those in the Orapa area cover 482 sq.km. The areas were selected following a detailed review of historical data by the BOD and ALROSA team.
Australia's Lucapa Diamond Co. is ramping up kimberlite exploration efforts at its primary resource, the Lulo alluvial mining project in Angola. The company has fully commissioned a new high-capability Hanjin D&B drilling rig, with which they will start drilling priority targets as part of the kimberlite exploration program. The rig is one three that will be drilling kimberlite through the June 2017 quarter when the Angolan wet season ends, typically in April. The aim is to identify the kimberlite source of their high-value diamonds frequently recovered at the Lulo alluvial project.
The most exciting news from a mining exploration stock is a high-grade drilling result. But what constitutes a good assay? It varies from situation to situation and commodity to commodity. Listed below is some rule of thumb information on interpreting drill results for investors.
Pangolin Diamonds Corp.,a diamond exploration company in Botswana, has confirmed in a project update the presence of diamonds in six geographically different zones within the Malatswae Diamond Project. The focus at the Malatswae Diamond Project has been on six separate kimberlite sources and geographic zones producing indicator minerals within a 30km x 20km area of the project. A total of sixteen +0.5mm diamonds have now been discovered in soil samples within these six zones.
Lucara Diamond has recovered a total of 22 stones greater than 1 carat in weight, including 5 diamonds in excess of 2 carats in weight - with the largest being a 4.56 white/grey octahedron - from their BK02 exploration project in Botswana. A total of 309.79 carats were recovered from the processing of 5,021 tons of BK02-2, for a sample grade of 6.2 cpht (carats per hundred ton).
Winnipeg geologists discovered the very first micro-diamonds in the Manitoba province in Canada. The discovery was made by an informal consortium of Manitoba and Alberta prospectors in the northeastern part of the province.
The Zimbabwe Consolidated Diamond Company (ZCDC) has fired its acting chief executive Ridge Nyashanu amid reports of a dramatic plunge in production and revenue, reports the Zimbabwe Independent. The ZCDC produced about 900,000 carats last year from peak figures of 12 million carats annually. The latest firing comes a few months after the ZCDC relieved its former CEO Mark Mabhudhu of his duties in unclear circumstances. Nyashanu was replaced by Morris Mpofu, who was the head of the exchange control unit at the Reserve Bank of Zimbabwe (RBZ).